magniX

magniX is an electric motor manufacturer specializing in electric propulsion for aircraft, headquartered in Everett, Washington...

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Everett, Wash.
Sectors
Aerospace, Electric propulsion, Clean energy

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Hydrogen Aviation Startup ZeroAvia Scales Back U.S. Operations, CEO and Several Executives Depart Amid Strategic Shift

ZeroAvia, a hydrogen aviation startup backed by Bill Gates and Amazon, has scaled back its ambitions by ceasing most operations in Washington and California, shifting product development to the UK, and experiencing executive departures, including CEO Val Miftakhov. Despite these setbacks, the company maintains its mission to advance hydrogen-electric powertrains for aviation and seeks to adjust its pace and focus according to market conditions.

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